On 16 July 2012, we have discussed on this counter. If it stays above gap support 1.200 – 1.205, it will reach 1.235 – 1.240, followed by 1.275 – 1.300 in extension.
It did reach the first target of 1.235 – 1.240, but it failed to carry on its uptrend momentum and pullback to close the gap of 1.200 – 1.205 on 25 July 2012. Before the results announcement, it closed at 1.185.
Q2 Sales of $155 million +12%, Record Q2 Profit After Tax of $23 million +20%, Interim dividend of 1 cent per share and Special dividend of 1 cent per share
I attended the presentation. In general, the feedback from the fund managers and analysts are positive. The management is very focus on its long term strategy.
As shown on the chart below, a move above the …